.........The high fiscal deficit and current account deficit are a cause of concern and demand a very careful crafted policy environment. In these circumstances, despite the country being in an election year, stretching the policy to exhaust the fiscal space at the Centre and states by announcing new measures like Food Security Bill covering 83 crore people may not be defensible. Rather, measures to firm up expectations and unleash forces that help to generate skills and create employment would be useful.
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